Connect with us

Technology

IRIS launches practice management platform as firms battle 105-day billing gaps and rising write-offs

Published

on

IRIS Firm Management unifies time recording, WIP, billing and financial reporting in a single platform, giving mid-to-large practices the real-time insight to grow more profitably

LONDON, May 12, 2026 /PRNewswire/ — IRIS Software Group (IRIS), a leading global provider of accountancy, HR, payroll, and education software, today announced the launch of IRIS Firm Management (IFM), a next-generation practice management platform purpose-built for mid-to-large UK accounting firms.

With an average gap of 105 days between completing work and receiving payment*, practice profitability is under serious pressure – in a survey of 140 UK accountancy firms, 37% identified time tracking as a key challenge, with only 33% tracking utilisation, and 76% only using basic, manual, or no WIP tracking at all**. This is compounded by the growing regulatory burden brought by changes such as Making Tax Digital to evolving companies house requirements.

IFM brings together practice management, time and billing, WIP management, and financial reporting into a single integrated solution. It gives practice leaders real-time visibility into utilisation, capacity, scope creep and margin erosion, with workflows designed to reduce admin burden, enabling senior team members to focus on high-value work. Firms using IFM have reported up to 25% reduction in write-offs and two to four hours per person per week reclaimed from billing admin.

Modern Firm Management

Most practice management tools were built for compliance, not commercial performance. IFM bridges that gap, acting as a financial control layer on top of compliance software.

Jonathan Priestley, General Manager, Global Accountancy Solutions and Transformation, said, “Accountancy practices are at an inflection point and the firms that will grow are those that can turn their operational data into commercial decisions. IFM is a demonstration of our long-term commitment to UK accountants – we’ve listened, we understand the pressures they face, and we’ve built a solution that will scale alongside them as they grow. The accounting profession underpins businesses right across the UK economy, and these firms deserve technology that matches the vital role they play.”

Support for diverse firms with complex needs

IFM is available in two configurations: IFM Core designed for firms needing foundational visibility with rapid deployment, with the system live within two to three weeks, and IFM Advanced for firms with multi-office, multi-entity or governance complexity. Importantly, both configurations have the ability to scale as firms grow, removing the need to re-platform as headcount, client volumes or structural complexity increases, while protecting margins throughout.

Key benefits of IFM***:

Real time insights to support accurate, data-driven decision making with enhanced tracking, reporting, and resource allocation – with an estimated five per cent or more time leakage recovery.Automation reclaiming between two to four hours per person per week for higher value work by reducing admin work on billing, reporting and spreadsheet validation.Boosted profitability by reducing write-offs by 15 to 25 per cent through early visibility into scope creep and margin erosion before it is too late.

Top 50 firm Larking Gowen has chosen IFM as its practice management platform, with plans to migrate from its current system following an evaluation of leading cloud solutions on the market. Richard White, Chief Information Officer at Larking Gowen, said, “We needed confidence in three things: Robust data migration from our existing system, extensive APIs to power our Power Platform apps and reports and connect the growing ecosystem of cloud applications across the firm, and the reassurance of a platform built specifically for accounting practices. IFM delivered on all three.”

Long-standing IRIS customer Morgan Griffiths LLP has chosen to migrate to IFM after using IRIS’ desktop solutions to manage tax, accounts, practice management, time recording, and job tracking. IFM has been transformational for the firm’s operational efficiency, giving them more reliability and control over essential functions. Manager Andrew Hunt said: “Billing can be such a time suck, which you don’t want it to be because that eventually comes away from your profit. These things should be super simple to do, and we’ve definitely achieved that now. That’s the biggest success of IFM for us so far.”

Beyond day-to-day efficiency, IFM has created stronger foundations for Morgan Griffiths LLP to evolve. Accelerated digitalisation and improved accessibility of real-time data has enabled partners to recognise opportunities for strategic growth. Andrew said: “I think that MTD presents an enormous opportunity for us, particularly in getting clients in a much better place where they’re getting closer to real-time information of how their business is going.”

IFM Core and IFM Advanced are now available – find out more here.

*Natwest Accountancy Benchmarking Report 2024.
**These figures are from the IRIS Discovery Tool Questionnaire taken by 140 UK accountancy firms who are IRIS customers.
***These figures are based on an ROI calculator that assesses adjustable assumptions, using a combination of industry benchmarks and early adopter feedback.

About IRIS Software Group 

IRIS Software Group is a global provider of mission critical software and one of the UK’s largest privately held software companies. IRIS provides software solutions and services for finance, HR and payroll teams, educational organisations, and accountancy firms that takes the pain out of processes and lets professionals focus on the work they love. Through simplifying, automating and providing insights on everyday mission critical tasks for organisations of all shapes and sizes, IRIS ensures customers can look forward with certainty and confidence. 
 
IRIS is the largest third-party online filer with the UK Government. Ninety-three of the top 100 UK accountancy firms use IRIS software. One in six of the UK’s workforce is paid by IRIS payroll offerings, and globally, six million employees receive their payslip via IRIS software every month. More than 850,000 UK employees are managed by IRIS HR solutions. Over 12,000 UK schools and academies use IRIS, with four million parents and guardians using IRIS apps to connect with their children’s school; 300 million messages are delivered between schools and parents each year, and over £15 million transactional payments are processed every month. IRIS is certified as a Great Place to Work® and recognised as one of The Times Top 50 Employers for Gender Equality in 2023. IRIS is also recognised as one of the Best Workplaces for Wellbeing, one of the Best Workplaces in Tech and one of the Best Workplaces for Women. 
 
To see how IRIS helps organisations get things right first time, every time, visit www.iris.co.uk or follow IRIS Software Group on LinkedIn, Twitter and Instagram.  

Logo: https://mma.prnewswire.com/media/2977020/Iris_Software_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/iris-launches-practice-management-platform-as-firms-battle-105-day-billing-gaps-and-rising-write-offs-302769337.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

JK Tech Brings Agentic AI to the Forefront at Two Major Industry Events

Published

on

By

NEW YORK, May 12, 2026 /CNW/ — JK Tech, a global AI and Data solutions provider has announced its participation in two premier U.S. industry forums- HFS Spring Summit and Datos Regional Property & Casualty Insurance Forum, underscoring its commitment to helping U.S. enterprises accelerate AI-led transformation with measurable business outcomes. The company will showcase how its AI-first portfolio is enabling enterprises across industries to move beyond experimentation and operationalize intelligence at scale.

As U.S. businesses grapple with growing complexity, disconnected systems, and mounting pressure to do more with less, JK Tech is stepping in with a clear message: intelligence shouldn’t sit in silos- it should be adaptable and agile.

At the HFS Spring Summit, the spotlight falls on JIVA, JK Tech’s enterprise-ready Agentic AI platform, alongside its Enterprise Ontology framework. Together, these solutions help organizations build AI systems that are contextual, governed, and explainable — not just powerful. The goal is faster decisions, modernized service delivery, and meaningful transformation across enterprise operations. Retail and commerce leaders will also get a look at Orbiee, JK Tech’s conversational commerce platform, which brings intent-aware, emotionally intelligent engagement to customer interactions, driving more personalized experiences, stronger loyalty, and better conversion outcomes.

At Datos Insights, JK Tech shifts focus to the insurance sector, showing how the same AI-led approach can help insurers modernize underwriting, claims, customer service, and core operations. The emphasis is on contextual intelligence, responsible AI, and automation that delivers real, measurable results, not just technological novelty.

Across both events, JK Tech’s core argument is consistent: the future of enterprise AI isn’t about isolated pilots. It’s about systems that work together, at scale, in the real world.

“U.S. enterprises are no longer looking for AI that simply informs, they need AI that acts,” said Deepak Srinivasan, Chief Solutions Officer at JK Tech. “We’re helping organizations move from disconnected experimentation to intelligent, outcome-driven execution by combining agentic AI, trusted enterprise data, and domain context into systems that deliver measurable business value.”

By participating in both forums, JK Tech is reinforcing its role as a reliable transformation partner for U.S. enterprises.

About JK Tech

JK Tech is a GenAI-focused data and AI services organization empowering enterprises across Retail, CPG, and Insurance. Through deep expertise in data platforms, AI orchestration, and enterprise transformation and flagship solutions such as JIVA, its Gen AI Orchestrator, and Orbiee, its conversational commerce platform, JK Tech helps global organizations unlock actionable insights, operational excellence, and sustainable growth. To learn more, visit www.jktech.com. Find JK Tech on X, LinkedIn.

Logo: https://mma.prnewswire.com/media/2088130/JK_Tech_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/jk-tech-brings-agentic-ai-to-the-forefront-at-two-major-industry-events-302769332.html

SOURCE JK Tech

Continue Reading

Technology

Instacart Joins Collaborative for Healthy Rural America (CHRA) to Expand Access to Nutrition and Essential Goods

Published

on

By

The collaboration supports states advancing CMS Rural Health Transformation initiatives with technology-enabled implementation, AI-driven virtual primary care, and integrated access to food and community-based services

WASHINGTON, May 12, 2026 /PRNewswire/ — The Collaborative for Healthy Rural America (CHRA) today announced that Instacart has joined the collaborative, expanding its ability to help states address chronic disease and improve health outcomes by integrating access to nutritious food and essential goods into coordinated care delivery models. The addition of Instacart further enhances the collective approach to longitudinal, AI-enabled primary care and community engagement advanced by Deloitte Consulting LLP, Lumeris, Nuna, Teladoc Health, and Unite Us.

Instacart joins CHRA to help rural communities address chronic disease through better nutrition access.

The addition of Instacart comes as states begin implementing new Rural Health Transformation (RHT) initiatives with funding from the Centers for Medicare & Medicaid Services (CMS). State teams are pivoting from outlining five year plans to operationalizing and demonstrating near term progress.

“Expanding access to nutritious food is one of the most powerful things we can do to improve health outcomes,” said Sarah Mastrorocco, Vice President and General Manager of Health at Instacart. “Through Instacart Health, we’re working to use delivery of nutritious groceries as a tool to help Americans prevent and manage chronic conditions. By joining CHRA, we have an opportunity to integrate our capabilities into care delivery models further, helping states address the root causes of disease while improving access, engagement, and outcomes in rural communities.”

With approximately $10 billion in first-year RHT funding awarded nationally, states are advancing implementation within defined timelines while strengthening workforce capacity, governance structures, and performance management capabilities required under CMS cooperative agreements. As Year 2 funding decisions are informed by Year 1’s progress, states are focused on demonstrating early implementation while building durable systems designed to be sustained beyond federal funding.

The CHRA was formed to support state-directed implementation of CMS’s RHT program. CHRA brings together private sector experience and proven, interoperable technology to help states move rapidly from planning to execution. By combining advanced analytics, virtual care, interoperable data platforms, and closed-loop referrals for community-based service integration, CHRA enables states to operationalize complex rural health transformation initiatives at scale, reducing the need for each state to build new capabilities from scratch.

CHRA’s founding collaborators include Deloitte, Lumeris, Nuna, Teladoc Health, and Unite Us. The addition of Instacart to the collaborative helps states expand access to nutritious foods and everyday essentials to address chronic disease and related needs. Together, CHRA represents a comprehensive operating model that is intentionally aligned with CMS expectations, reducing the need for health systems to assemble and manage disparate components independently

Built Around State-Identified Challenges

CHRA conducted a detailed review of publicly available state RHT plans to understand the challenges states themselves have identified as most urgent. While needs vary by geography, four themes consistently emerged across plans.

1. Infrastructure Misalignment in Rural Health Systems

States across the country describe a structural mismatch between legacy rural health infrastructure, declining populations, and fee-for-service payment models. The State of Wyoming notes that rural hospitals face “high fixed costs and low patient volume,” while still needing to maintain emergency capacity. Vermont reports that more than half of hospitals operate at a loss due to low volume, workforce shortages, aging infrastructure, and high fixed operating costs. Illinois highlights large inpatient facilities that are rarely fully occupied, undermining financial viability. Across the country, rural health transformation plans converge on the need for alternative payment models, redesigned delivery systems, flexible workforce strategies, and technology-enabled care to create sustainable models of care.

How CHRA can help states:
CHRA supports states in exploring and operationalizing redesigned care delivery models better suited to low volume, high fixed cost environments such as those intended to be addressed by RHT initiatives. At the core of this approach is the transformation of primary care from episodic, site-based care to continuous, coordinated, and population-driven models that better meet the needs of rural communities.

Through interoperable service models, built to complement existing EHR and HIE systems, CHRA has the opportunity to support beneficiary identification, outreach, virtual and in-person care, care coordination, and outcomes tracking. For instance, CHRA member Lumeris, powered by Tom™, enables primary care teams to operate with greater reach and efficiency—proactively managing patient populations, closing care gaps, and extending care beyond traditional settings.

These supports, alongside virtual care delivery through Teladoc Health’s network of providers and Nuna’s AI-native patient engagement mobile app, introduce a more scalable, prevention-oriented primary care model that aligns payment, workforce capacity, and service delivery with population needs while relieving rural facilities of the burden of sustaining underutilized infrastructure on their own.

2. Gaps in Preventive Care Delivery

States report persistent barriers to preventive services. The State of Iowa cites gaps in early detection and prevention. The State of Maine highlights limited capacity for population-level screening and outreach. Workforce shortages, transportation challenges, and infrastructure constraints limit consistent access to preventive care.

How CHRA can help states:
CHRA leverages population data, predictive analytics, and AI-supported outreach to help states identify priority populations and close preventive care gaps. Unite Us’ Self Sufficiency Score establishes a benchmark, connecting rural residents to medical, behavioral, and community support services via an integrated closed-loop referral and payment platform.

Utilizing the Tom™ platform, CHRA extends prevention beyond episodic care by continuously monitoring patient needs, proactively identifying rising risks, and engaging individuals between visits through timely, personalized outreach. By orchestrating interventions across care teams and community resources, Tom helps ensure preventive actions happen earlier, before conditions escalate, enabling more consistent care, improving health outcomes, and reducing downstream costs associated with avoidable complications.

3. High Burden of Chronic Disease

Chronic disease management is a central concern across state plans. The State of Nevada identifies heart disease, cancer, and chronic lower respiratory disease as leading causes of death. The State of New Jersey emphasizes the need to modernize identification and access to treatment. The State of New Mexico calls for expanded specialty access and evidence-based models, while the Commonwealth of Virginia highlights access to nutrition as a root cause of poor health.

How CHRA can help states:
CHRA helps states more effectively prevent and slow chronic disease by enabling continuous, data-driven management of patient populations. Tom identifies rising-risk individuals, closes care gaps, and proactively engages patients between visits—supporting adherence, surfacing unmet needs, and coordinating timely interventions across care teams. Through CHRA, partners like Teladoc Health that integrate Instacart Health tools, will extend this model by enabling interventions that deliver personalized, clinically aligned nutrition support directly to patients, addressing key drivers of chronic conditions. Using Instacart Health Fresh Funds, stipends for nutritious food, and Care Carts, which allow organizations to order groceries on behalf of others, partners can build programs that address the needs of rural communities. Together, this approach tackles root causes, improves long-term disease management, and reduces avoidable emergency utilization.

4. Workforce Shortages and Provider Access

States consistently cite challenges with recruiting and retaining providers. The State of Ohio reports service lines at risk due to workforce shortages. The State of Nevada ranks near the bottom nationally in physician availability. The State of Georgia reports that most counties are facing a shortage of OBGYNs or pediatricians. Nationally, more than 190 rural hospitals have closed since 2005, with hundreds more at risk, according to the North Carolina Rural Health Research Program.

How CHRA can help states:
CHRA supports Primary Care as a Service (PCaaS) models using solutions like Lumeris’ Tom™ platform, which provides the backbone technology that extends provider capacity through AI-assisted triage, virtual care, and team-based workflows. Deloitte provides cross-platform interoperability and data integration services, grounded in decades of experience supporting states. And Teladoc Health has the largest nationwide network of virtual care providers including licensed clinicians, therapists, and health coaches, and can help patients access care quickly amid shortages or barriers to care. These approaches aim to expand access while keeping local providers at the center of care and reducing burnout. 

Looking Ahead

States will report Year 1 progress to CMS in October 2026. Those that demonstrate measurable improvements in access, utilization, and sustainability will be positioned for continued funding. CHRA’s role is to support states in achieving early momentum while building sustainable rural health systems.

About CHRA

The Collaborative for Healthy Rural America (CHRA) is a coalition of organizations supporting state led rural health transformation initiatives through coordinated, implementation focused support across care delivery, data, community integration, and sustainability.

Learn more: https://healthyruralamerica.org

View original content:https://www.prnewswire.com/news-releases/instacart-joins-collaborative-for-healthy-rural-america-chra-to-expand-access-to-nutrition-and-essential-goods-302768800.html

SOURCE Lumeris

Continue Reading

Technology

Branford Castle-Backed Lafayette Instrument Acquires Sutter Instrument Corp.

Published

on

By

Significantly Expands Its Life Sciences Instrumentation Product Offerings

NEW YORK and BOCA RATON, Fla., May 12, 2026 /PRNewswire/ — Lafayette Instrument, LLC, a leading global manufacturer of scientific instrumentation equipment for the life sciences, polygraph and human evaluation markets, today announced that it has acquired Sutter Instrument Corp. Terms of the transaction were not disclosed.

Lafayette is a portfolio company of North American-focused private equity firm Branford Castle Partners. Sutter marks the fifth bolt-on investment for Lafayette since being acquired by Branford Castle’s Fund II in 2021.

With the acquisition of Sutter, Lafayette reinforces its commitment to provide unparalleled support to the life science research community through experiment-focused software and instrumentation. Sutter is a leading provider of precision scientific instruments used by universities and research institutions globally for electrophysiology, neuroscience, and other related life sciences research.

Benjamin Mangrich, CEO of Lafayette Instrument, said, “Sutter Instrument has been a global leader in instrumentation supporting cellular research and electrophysiology for over 50 years. The company’s strong product portfolio, deep technical expertise, and commitment to customer success make them a natural complement to Lafayette Instrument’s Life Science portfolio.”

Ceon Francis, Managing Director at Branford Castle, stated, “This acquisition strengthens Lafayette’s platform and broadens its product offering to better serve a growing base of life sciences customers who demand the latest tools and technology. We are excited to collaborate with management as we continue to build on the company’s momentum and drive long-term growth.”

Branford Castle was advised by its legal counsel Akerman LLP, and RSM served as its accounting/tax advisor. EC M&A acted as financial advisor and Donahue Fitzgerald LLP acted as legal advisor to Sutter. Byline Bank is providing senior debt financing and Brookside Capital Partners is providing mezzanine debt financing for the transaction.

ABOUT BRANFORD CASTLE PARTNERS
Branford Castle is a private market investor focused on lower middle-market investments, with more than 35 years of helping to grow businesses. The Firm typically makes control investments in companies with up to $15 million of EBITDA and a leadership position in a niche industry. Branford Castle prides itself on the strong relationships it develops with its portfolio company managers. Branford Castle has particular expertise in industrials/specialty manufacturing, consumer products, business services and logistics.

ABOUT LAFAYETTE INSTRUMENT
Lafayette Instrument Company has over 75 years of experience engineering and manufacturing high-quality scientific instrumentation and data acquisition equipment for disciplines such as biology, neuroscience, pharmaceutical and medical research, physical therapy and rehabilitation, security, and law enforcement. Lafayette is positioned at the forefront of neuroscientific discovery, human evaluation, and credibility assessment.

Media Contact:
LLYC
Jennifer Hurson
Jennifer.hurson@llyc.global
Or
Joanne Lessner
Joanne.lessner@llyc.global

 

View original content:https://www.prnewswire.com/news-releases/branford-castle-backed-lafayette-instrument-acquires-sutter-instrument-corp-302769068.html

SOURCE Branford Castle Partners

Continue Reading

Trending